A significant proportion of art world professionals believe that 2024 will bring increased or stable online sales, according to The Art Basel and UBS Art Market Report 2024. Of those surveyed, 48% of dealers and 81% of staff from mid-tier auction houses expect online sales to go up this year. But after a 4% drop in the global art market in 2023 to an estimated USD 65 billion, what makes them so confident?
Art industry banks on e-commerce future
Aimee Dawson, Art Basel, 3 May 2024